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BRUSSELS (Reuters) -The European Union renewed its wide-ranging sanctions on Russia on Monday for another six months after Hungary stopped holding up the move in return for assurances about energy ...
The EU is considering its options to block Hungary from vetoing hundreds of billions of dollars worth of sanctions against Russia, including an 81-year-old decree that can only be signed by the ...
In May 2020, European Commission President Ursula von der Leyen and European Council President Charles Michel responded to calls from Russia for relaxation of the sanctions to facilitate the COVID-19 response explaining that the EU sanctions are "deliberately narrowly framed in order to limit the risks of unintended consequences or harm to the ...
Hungary, which had recently signed a long-term contract with Russia, had objected to the principle of the price cap, according they were given freedom, without notification to, or consent from, the EU to keep or modify their current contract with Russia. [18] Hungary's contract is for 4.5 bcm per annum and there is a price cap of €150 per ...
An essential tool of the EU's Common Foreign and Security Policy (CFSP) are restrictive measures, also known as "sanctions". They are utilized by the EU as a component of a coordinated and all-encompassing policy approach that includes political discussion, complementary actions, and the use of other tools at its disposal.
The European Union's internal affairs chief warned Hungary on Thursday that its decision to ease visa restrictions for Russians and Belarusians posed a potential security threat and said she would ...
Following the outbreak of the Russian invasion of Ukraine, Hungary, as an EU member state, imposed minor sanctions on Russia, while Russia subsequently added all EU countries to its "Unfriendly Countries List". On 8 March, Hungary opposed imposing outright energy embargoes on Russia. [41]
(Bloomberg) -- European Union efforts to approve a partial ban on Russian oil imports hit an obstacle after Hungary raised new or already rejected demands, further slowing a push to clinch a deal ...